Aqua America Inc. (NYSE:WTR) has received an average rating of “Hold” from the nine analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $32.67.
A number of equities research analysts have recently issued reports on WTR shares. Hilliard Lyons reaffirmed an “underperform” rating and set a $27.00 target price on shares of Aqua America in a report on Wednesday, September 14th. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Barclays PLC dropped their target price on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, September 6th.
Shares of Aqua America (NYSE:WTR) opened at 29.52 on Monday. The company has a market cap of $5.23 billion, a price-to-earnings ratio of 25.23 and a beta of 0.43. Aqua America has a 12-month low of $27.26 and a 12-month high of $35.83. The stock has a 50 day moving average of $30.49 and a 200 day moving average of $32.30.
Aqua America (NYSE:WTR) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The business earned $203.88 million during the quarter, compared to analyst estimates of $209.61 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts forecast that Aqua America will post $1.33 earnings per share for the current year.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of the stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total transaction of $145,080.00. Following the completion of the transaction, the director now owns 4,583 shares of the company’s stock, valued at $142,989.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.33% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the company’s stock valued at $35,613,000 after buying an additional 36,235 shares during the period. Vanguard Group Inc. raised its position in shares of Aqua America by 3.8% in the second quarter. Vanguard Group Inc. now owns 14,910,774 shares of the company’s stock valued at $531,718,000 after buying an additional 545,819 shares during the period. BlackRock Inc. raised its position in shares of Aqua America by 3.9% in the first quarter. BlackRock Inc. now owns 359,648 shares of the company’s stock valued at $11,444,000 after buying an additional 13,356 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Aqua America by 57.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,013 shares of the company’s stock valued at $2,704,000 after buying an additional 31,085 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of Aqua America during the first quarter valued at $372,000. 47.76% of the stock is owned by institutional investors.